How were the European powers able to recover from the 1929 - 1935 Great Economic Depression?
By 1936, almost all the countries of the world had recovered from the World Economic Depression. The following were the ways through which the depression was brought to an end. A World Economic Conference was organized to overcome the economic depression. This conference was held in 1933 in Geneva and it was attended by representatives from 66 nations. The delegates worked out measures to solve the Great Economic Depression. For example, there was stabilization of the world currency, removal of free trade restrictions and implementation of uniform tariffs on imports and exports. There was cancellation of the reparation payments that had been imposed on the defeated nations by the Versailles treaty of 1919 and had crippled their economies. This was done during the Lausanne conference of June – July 1932 that was held in Switzerland to liquidate the payments of reparations by Germany to the former Allied and Associated powers of World War I. It was attended by the credi...